BBVA Banco Frances S.A. (NYSE:BBAR) Stock Has Average Target Price of $20.00 According to Brokerages

BBVA Banco Frances S.A. (NYSE:BBAR) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of research firms have recently issued reports on BBAR. Weiss Ratings upgraded shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. UBS Group lowered their price target on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup cut BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Sunday, September 6th.

BBVA Banco Frances Trading Up 2.0%

BBAR opened at $12.99 on Friday. The firm’s fifty day moving average price is $14.50 and its 200 day moving average price is $16.50. The stock has a market capitalization of $2.65 billion, a PE ratio of 12.74 and a beta of 0.90. BBVA Banco Frances has a 12-month low of $9.15 and a 12-month high of $22.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The business had revenue of $835.60 million for the quarter. As a group, research analysts expect that BBVA Banco Frances will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBAR. NewEdge Advisors LLC acquired a new stake in shares of BBVA Banco Frances during the second quarter worth approximately $311,000. XP Advisory US Inc. acquired a new position in shares of BBVA Banco Frances during the 2nd quarter valued at about $63,000. OceanIQ Capital LLC bought a new stake in shares of BBVA Banco Frances during the 2nd quarter worth $249,000. Carter Financial Group INC. acquired a new stake in shares of BBVA Banco Frances in the first quarter valued at about $150,000. Finally, Alpine Global Management LLC bought a new position in BBVA Banco Frances in the 4th quarter worth approximately $4,042,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.